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Germany HICP Final YoY (Oct)A:--
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Philadelphia Fed President Henry Paulson delivers a speech
U.S. Treasury Secretary Bensont delivers a speech
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The U.S. House of Representatives voted on a temporary funding bill.
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Saudi Arabia CPI YoY (Oct)--
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IEA Oil Market Report
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[Bank Reserves Continue To Decline, Suggesting The Fed May Be Nearing The End Of Its Balance Sheet Reduction] Funding Pressures In The US Money Market Remain High, While The Federal Reserve's Holdings Of Bank Reserves Are Gradually Decreasing, Suggesting The Fed May Be Nearing The End Of Its Balance Sheet Reduction. Since Early September, The Overnight Funding Market, Where Banks And Asset Managers Conduct Daily Lending, Has Been Volatile. Ultra-short-term Interest Rates, Which Have Steadily Risen As The Treasury Replenishes Its Cash Reserves, Remain Stubbornly High. As A Result, The Spread Between The Secured Overnight Financing Rate (Sofr) And The Fed's Benchmark Interest Rate (effective Federal Funds Rate) Is Approaching Its Widest Level Since Late 2024. Recent Data Show That Bank Reserves Have Fallen To Just Below $3 Trillion, The Lowest Level Since January

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